Pre-approval can be a very valuable step towards purchasing a home. Many home buyers get pre-qualified for a home loan early on, and then become pre-approved before beginning a serious home search. By completing your mortgage application prior to choosing a home, you can get a pre-approval letter stating how much home you can afford.
Your pre-approval letter lets you know exactly how much you can spend, and it shows home sellers and real estate agents that you're serious about buying a home. This may give you leverage in the negotiation … [Read more...]

An important aspect of getting a home loan is saving money for your down payment. You have many choices to make your home more affordable to you.
Lenders used to require a down payment of at least 20% of the home's price. These days, however, many lenders offer flexible home loan programs allowing you to put very little down -- three percent or less of the home price. For some buyers it used to be possible to buy a home with no down payment at all, or to receive help from local down payment assistance programs. With the recent problems with … [Read more...]

Pre-Approval and Pre-Qualification - Information for First Time Home Buyers
Is pre-approval a general endorsement by a bank?
No, when you are pre-approved, it is for a specific loan program from a specific lender. Not all lenders offer all loan programs. You may need to get approved with a different lender or for a different loan program with the same lender, depending on your financing options at the time you buy a house. Check with the agent or broker who helped you gain loan pre-approval before you write an offer. If you think you will … [Read more...]

Pre-approval can be a very valuable step towards purchasing a home. Many home buyers get pre-qualified for a home loan early on, and then become pre-approved before beginning a serious home search. By completing your mortgage application prior to choosing a home, you can get a pre-approval letter stating how much home you can afford.
Your pre-approval letter lets you know exactly how much you can spend, and it shows home sellers and real estate agents that you're serious about buying a home. This may give you leverage in the negotiation … [Read more...]

About Lee LeGrande

Lee LeGrande has been a Year End Top Producing Agent for 15 straight years in the South Bay. Lee's clients include executives, celebrities, athletes as well as first time home buyers. He is constantly … [Read More...]

What People Are Saying

It was a great experience working with Lee. His attention to detail made my life easy. I would HIGHLY recommend him to anyone! His knowledge of real estate, his ability to negotiate and absolute professionalism made me feel that I had the right person on my side.